Extension of companies condonation of delay scheme 2018 (CODS-2018) upto 30th April, 2018 General Circular No. 02/2018 File No.02/04/2017-CL-V Ministry of Corporate Affairs 5th Floor, ‘A’ Wing , Shastri Bhawan Dr. Rajendra Prasad Road, New Delhi- 110 001. Dated: 28.03.2018 To All Regional Directors, All Registrar of Companies, All Stakeholders. Sir, Subject: Condonation of Delay… Read More »
Section 56 of Finance Act 2018 [Section 56 of Finance Act 2018 deals with Substitution of references to certain expressions by certain other expressions and is covered in CHAPTER IV INDIRECT TAXES] Customs Substitution of references to certain expressions by certain other expressions 56. Throughout the Customs Act, 1962 (52 of 1962) (hereinafter referred to as the Customs… Read More »
Section 43CB of Income Tax Act Summary of Section 43CB of Income tax Act Section 43CB of Income tax Act Inserted by the Finance Act, 2018, w.r.e.f. 1-4-2017. Section 43CB of Income tax Act 1 [Computation of income from construction and service contracts. 43CB. (1) The profits and gains arising from a construction contract or a contract for providing… Read More »
Section 43AA of Income tax Act Summary of Section 43AA of Income tax Act Section 43AA of Income tax Act Inserted by the Finance Act, 2018, w.r.e.f. 1-4-2017. Section 43AA of Income tax Act 1 [Taxation of foreign exchange fluctuation. 43AA. (1) Subject to the provisions of section 43A, any gain or loss arising on account of any change in… Read More »
Section 112A of Income Tax Act Section 112A of Income tax Act as inserted by clause 33 of Finance Act 2018 After section 112 of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2019, namely:— Tax on long term capital gains in certain cases. ‘112A. (1) Notwithstanding anything contained… Read More »
State Code List for Eway Bill Portal State Code List for Eway Bill Portal Vehicle No. to begin with State Code 0 OTHER COUNTRIES OT 1 JAMMU AND KASMIR JK 2 HIMACHAL PRADESH HP 3 PUNJAB PB 4 CHANDIGARH CH 5 UTTARAKHAND UK 6 HARYANA HR 7 DELHI DL 8 RAJASTHAN RJ 9 UTTAR PRADESH… Read More »
Section 234F Income Tax Act : ITR Late filing fees [ Section 234F of Income Tax Act Inserted by the Finance Act, 2017, w.e.f. 1-4-2018. i.e applicable from AY 2018-19 (FY 2017-18 ) onwards ] Summary of Section 234F Income Tax ITR Late filing fees Section 234F of the Income Tax Act, 1961, was introduced in… Read More »
Master Codes on Eway Bill Portal Following is the list of Master Codes on Eway Bill Portal Master Name Code Description Supply Type I Inward O Outward Sub Supply Type 1 Supply 2 Import 3 Export 4 Job Work 5 For Own Use 6 Job work Returns 7 Sales Return 8 Others 9 SKD/CKD 10 Line… Read More »
Ministry of Finance Clarification with respect to the E-way Bill System Posted On: 31 MAR 2018 6:30PM by PIB Delhi The e-way Bill System for Inter-State movement of goods across the country is being introduced from 01st April 2018. Few clarifications regarding the new e-way bill system are as follows: Situation: -Consider a situation where… Read More »
Section 220 of Finance Act 2018 [Section 220 of Finance Act 2018 deals with Amendment of Act 28 of 2016 and is covered in CHAPTER VIII MISCELLANEOUS] PART XIX AMENDMENT TO THE FINANCE ACT, 2016 Amendment of Act 28 of 2016 220. In the Finance Act, 2016, in section 236, in the opening paragraph, for the words, figures… Read More »